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ICPT FINAL DEADLINE MONDAY: ROSEN, GLOBAL INVESTOR COUNSEL, Reminds Intercept Pharmaceuticals, Inc. Investors of Important January 4 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm – ICPT

NEW YORK, Jan. 01, 2021 (GLOBE NEWSWIRE) — Rosen Regulation Agency, a worldwide investor rights regulation agency, reminds purchasers of the securities of Intercept Prescription drugs, Inc. (NASDAQ:ICPT) between September 28, 2019 and October 7, 2020, inclusive (the “Class Interval”), of the vital January 4, 2021 lead plaintiff deadline within the securities class motion. The lawsuit seeks to get well damages for Intercept buyers beneath the federal securities legal guidelines.

To hitch the Intercept class motion, go to http://www.rosenlegal.com/cases-register-1973.html or name Phillip Kim, Esq. toll-free at 866-767-3653 or electronic mail [email protected] or [email protected] for data on the category motion.

In line with the lawsuit, defendants all through the Class Interval made false and/or deceptive statements and/or didn’t disclose that: (1) defendants downplayed the true scope and severity of security considerations related to Ocaliva’s (obeticholic acid (“OCA”)) use in treating major biliary cholangitis; (2) the foregoing elevated the probability of an FDA investigation into Ocaliva’s growth, thereby jeopardizing Ocaliva’s continued marketability and the sustainability of its gross sales; (3) any purported advantages related to OCA’s efficacy in treating nonalcoholic steatohepatitis (“NASH”) had been outweighed by the dangers of its use; (4) in consequence, the FDA was unlikely to approve Intercept’s New Drug Software for OCA in treating sufferers with liver fibrosis resulting from NASH; and (5) on account of the foregoing, defendants’ optimistic statements about Intercept’s enterprise, operations, and prospects had been materially deceptive and/or lacked an inexpensive foundation. When the true particulars entered the market, the lawsuit claims that buyers suffered damages.

A category motion lawsuit has already been filed. In the event you want to function lead plaintiff, you could transfer the Court docket no later than January 4, 2021. A lead plaintiff is a consultant occasion appearing on behalf of different class members in directing the litigation. In the event you want to be a part of the litigation, go to http://www.rosenlegal.com/cases-register-1973.html or to debate your rights or pursuits relating to this class motion, please contact Phillip Kim, Esq. of Rosen Regulation Agency toll free at 866-767-3653 or through e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Observe us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Regulation Agency represents buyers all through the globe, concentrating its observe in securities class actions and shareholder spinoff litigation. Rosen Regulation Agency was Ranked No. 1 by ISS Securities Class Motion Services for variety of securities class motion settlements in 2017. The agency has been ranked within the prime 3 every year since 2013. Rosen Regulation Agency has achieved the biggest ever securities class motion settlement towards a Chinese language Firm. Rosen Regulation Agency’s attorneys are ranked and acknowledged by quite a few unbiased and revered sources. Rosen Regulation Agency has secured lots of of tens of millions of {dollars} for buyers. Lawyer Promoting. Prior outcomes don’t assure the same consequence.

Contact Data:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Regulation Agency, P.A.
275 Madison Avenue, fortieth Flooring
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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Huynh Nguyen

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